Buying Tip

[Guest Mac_Dude]

I'm sure we are all WELL aware of the Stamp Duty paid when purchasing our XR's. One thing that I found out, was that there is an additional hit at $45,000.

So what you can do is remove all the dealer fitted accessories to keep under this figure. Then when your car arrives order those bits you left off. My understanding is that you can save around $600 in Stamp Duty that way.

I am fairly sure this is correct (for Vic anyway), is there an accountant in the building that can confirm this?

[richdave]

yes you are correct. The stamp duty rate goes from 4% to 5% for cars over $45,000 and the stamp duty is calculated flat rate so for a car that costs $44999 SD = $1799.96 and for a car that costs $45001 SD = $2250

The difference being $450.04. So it is worth saving that extra Dollar and just shows how absurd the State stamp duty law is

BTW I'm not an accountant :lol:

Another trap is the SD on new cars starts at 2.5% and increases depending on price, second hand cars have a flat rate SD of 4.5% IIRC. So a bargain demo car can end up costing more than you expected

Edited 29/06/03 07:51 AM by richdave

[Guest Mac_Dude]

  richdave said:

yes you are correct. The stamp duty rate goes from 4% to 5% for cars over $45,000 and the stamp duty is calculated flat rate so for a car that costs $44999 SD = $1799.96 and for a car that costs $45001 SD = $2250

The difference being $450.04. So it is worth saving that extra Dollar and just shows how absurd the State stamp duty law is

I knew there would be somebody here who knew what they were talking about

Hey richdave, I too am in the outer east so there will be another BluePrint Xr6T there later this year :D

[richdave]

  Mac_Dude said:

I knew there would be somebody here who knew what they were talking about

Hey richdave, I too am in the outer east so there will be another BluePrint Xr6T there later this year :D

not always...... :lol: :lol:

Great, we'll have to make sure we catch up when you have the "T" or sooner if you are going to the Dyno day